Microsoft is considering investing in Bitcoin, though its board of directors currently opposes it

While the allure of the cryptocurrency sector has diminished somewhat, many companies still choose to invest in cryptocurrencies, especially after the U.S. Securities and Exchange Commission (SEC) approved Bitcoin ETFs, providing a legal and compliant way for businesses to invest in Bitcoin.

This trend has now reached Microsoft, which recently submitted a regulatory filing to the SEC. This document reveals that Microsoft will propose a board resolution on "Bitcoin investment assessment."

Microsoft's board of directors is currently opposed to investing in Bitcoin, but this is not the final decision. The intention now is for Microsoft's management to let shareholders vote, allowing them to decide whether Microsoft should invest in Bitcoin.

For Microsoft, investing in Bitcoin might not seem like a big deal, given the company's size. Investing a few hundred million to a few billion dollars in Bitcoin would be a drop in the bucket for Microsoft, which is unlikely to invest tens of billions of dollars in Bitcoin.

The board's opposition is understandable, as investments in Bitcoin by companies, including Tesla, have seemingly not been profitable. In fact, some companies that have invested in Bitcoin or other cryptocurrencies have faced losses.

Although Microsoft is not short on cash, it may not need to invest in Bitcoin, considering the significant volatility of Bitcoin. However, if the final decision is left to the shareholders, they might still approve Microsoft's investment in Bitcoin.